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Thursday preview: UK retail sales, manufacturing data to be released

A busy economic calendar on Thursday will be in focus amid a lack of earnings results.

Chinese manufacturing data from HSBC will be released before markets open for trading. Analysts expect a further slowdown in activity, which could add pressure on the central bank to boost stimulus measures.

Europe will also see the release of manufacturing reports along with services activity data in the morning. In the afternoon a Eurozone consumer confidence survey is due.

In the UK, retail sales figures will be closely watched to gauge consumer spending. The report is expected to show a 3.5% rise in July following a 4% increase in June.

Later on in the US, the market will turn its attention to a report on existing home sales which is forecast to show sales fell 0.5% in July after a 2.6% gain a month earlier.

On the company front, interims from Kazakhmys, Quindell, Premier Oil and Costain will take the main stage.

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